- INVESTMENT OPPORTUNITY
- ARCADE OF 4 LOCK-UP SHOP PREMISES WITH STORAGE OVER
- CURRENTLY LET ON 2 SEPARATE BUSINESS TENANCY AGREEMENTS, EACH EXPIRING 30 SEPTEMBER 2023
- YIELDING A TOTAL INCOME OF £16,500 PA
- THE TENANCIES ARE OUTSIDE OF THE LANDLORD AND TENANT ACT 1954
Commercial Property for sale in Swanage
Investment opportunity to acquire a small arcade of 4 lock-up shop premises with storage over situated in the centre of Swanage, to the rear of the main shopping thoroughfare and are within 500 metres of the seafront. The first floor of the buildings may be suitable for conversion into a substantial apartment, subject to planning consent. Currently let on 2 separate business Tenancy Agreements, each expiring 30 September 2026, yielding a total income of £16,500pa.The Tenancies are outside of the Landlord and Tenant Act 1954. Copies of the leases are available for inspection by genuine applicants upon request
The buildings are of brick construction and each has the benefit of a forecourt. It is our opinion that the first floor of the buildings, currently used for storage, may be suitable for conversion into a substantial apartment, subject to planning consent.
LOCATION
These properties are situated in the centre of Swanage to the rear of the main shopping thoroughfare and are within 500 metres of the sea front. Swanage is an extremely popular coastal resort which attracts many thousands of tourists throughout the year and is renowned for its scenic beauty and as being the gateway to the Jurassic World Heritage Coastline.
GROUND FLOOR ACCOMMODATION
No 31 18sq metres (193.75 sq ft)
No 33 14msq metres(150.7 sq ft
No 35 15msq metres(161.5 sq ft)
No 35a 13m sq metres (140 sq ft)
RATEABLE VALUES
We have been advised by Dorset Council that the properties have the following Rateable Values 2026/2027, however, with the current Small Business Rates Relief the Rates payable is nil.
31 Commercial Road RV £3,300
33 Commercial Road RV £3,000
35 Commercial Road RV £3,700
35a Commercial Road RV £3,050
SERVICES
Mains water, drainage and electricity.
VIEWING
By appointment only please through the Agents, Corbens, 01929 422284. Inspection of the shops is extremely limited due to the fact that they are currently held on lease.
Ref No. COM1677
Important Information
- This is a Freehold property.
- This Council Tax band for this property is: TBC
Property Ref: CSWCC_660030
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